New car sales are at an all-time high, which according to the Society of Motor Manufacturers and Traders (SMMT) is helped by a sales boost in the luxury car market. For one luxury car maker, Jaguar Land Rover, sales rose by a fifth!
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Posts Tagged ‘SMMT’
Soaring Sales in Luxury Car Market
What Recession? 2M Cars Sold Last Year
According to the Society of Motor Manufacturers and Traders (SMMT), more than 2 million new cars were sold in the UK during 2012. The latest figures show a 5.3% increase compared to 2011’s new car sales, which is the highest increase since the recession hit in 2008.
The Future Looks Bright for UK Car Production
The car manufacturing industry in the UK is set to boom with an estimated 2.2 million cars to be produced annually by 2016.
Car Production Slowed in Summer Months
According to the Society of Motor Manufacturers and Traders (SMMT), the number of cars manufactured in the UK fell to 78,577 in August.
Sales Of Electric Cars Appear To Be Stalling
Despite hopes for an increase in the sales of electric cars in 2011, uptake appears to have fizzled out judging from the new figures which have been released. Although the government launched a ‘plugged in car grant’ scheme which could be worth up to £5000, numbers have failed to materialize in line with expectations.